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UBS AG has raised its price target for Hannover Re from EUR 238 to EUR 267 while maintaining a "Neutral" rating. The share price rose by 0.7% to EUR 257.10, indicating an upside potential of 3.85%. Hannover Re is set to release its Q3 2024 figures on November 11, 2024.
Gold prices are expected to rise over the next 6-12 months, driven by declining interest rates and strong central bank purchases. Analysts predict prices could reach $2,900 per ounce by September 2025, supported by geopolitical tensions and economic uncertainty, despite potential slower rate cuts from the Federal Reserve.
UBS has rated Pernod Ricard as 'Neutral' with a target price of 138 euros. The company leads in premium and prestige spirits and wines, with net sales primarily from international brands (61.8%), local brands (18.2%), craft spirits (7.3%), and strategic wines (3.6%). Geographically, sales are distributed across Europe (28.3%), America (28.8%), and other regions (42.9%), supported by 94 production sites worldwide.
UBS has upgraded Sanofi to a 'Buy' rating with a target price of 110 euros, citing the neurodermatitis drug Dupixent as a key growth driver for the company in the third quarter. Analyst Carl Walton anticipates that growth will accelerate further in 2025.
UBS has upgraded its rating for Sanofi to "Buy," setting a target price of 110 euros. Analyst Carl Walton highlighted that the neurodermatitis drug Dupixent is expected to drive growth for the company in the third quarter, with acceleration anticipated in 2025.
UBS economist Paul Donovan highlights a disconnect between sentiment surveys and actual economic performance, particularly in manufacturing. Despite frequent negative signals from surveys, real manufacturing output has remained stable, suggesting that pessimistic biases in sentiment do not reflect economic reality. This issue is more pronounced in Europe due to limited data releases and delays in reporting.
Financial journalism often conflates sentiment with economic reality, leading to contradictory headlines about manufacturing output. Despite pessimistic sentiment surveys, actual manufacturing performance has remained stable, particularly in the US and Germany, where media emphasis on negative sentiment can distort perceptions of the economy. Investors should be cautious, as these surveys tend to reflect a pessimistic bias that does not align with the true economic situation.
UBS shares reached a new high of 28.18 francs, currently priced at 30.27 euros, reflecting a 0.72% increase and an impressive 8.65% gain over the past month, showcasing strong investor confidence. In a recent analysis, UBS raised its price target for Nokia from EUR 3.55 to EUR 4.00 while maintaining a "Hold" rating, indicating cautious optimism about the company's prospects.
UBS has increased its target price for Nokia from 3.55 to 4.00 euros while maintaining a "Neutral" rating. Analyst Francois-Xavier Bouvignies noted that the company's strong cost management offsets the challenges in the current market.
UBS has increased its target price for Nokia from 3.55 to 4.00 euros while maintaining a "Neutral" rating. Analyst Francois-Xavier Bouvignies noted that the company's strong cost management helps offset challenges in the market.
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ubs raises price target for hannover re shares to 267 euros
12:13 18.10.2024
gold prices expected to rise amid safe haven demand and rate cuts
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12:06 18.10.2024
ubs rates pernod ricard neutral with target price of 138 euros
11:58 18.10.2024
ubs upgrades sanofi to buy with target price of 110 euros
11:57 18.10.2024
ubs upgrades sanofi to buy with target price of 110 euros
11:57 18.10.2024
manufacturing output remains stable despite pessimistic sentiment surveys
11:55 18.10.2024
misleading sentiment surveys distort perception of economic reality
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11:44 18.10.2024
UBS shares reach new high amid positive market outlook and analysis
11:34 18.10.2024
UBS raises Nokia target price to four euros maintains neutral rating
11:28 18.10.2024
UBS raises Nokia target price to four euros while maintaining neutral rating
11:28 18.10.2024
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